Satoshi Finance SATO

1. Summary

Ranks

Liquidity

-

Developer

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Social

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Momentum (beta)

0

Stack Rank™

-

Price

$0.001066880000 0.0%

Market Cap

$0.00 (#8528)

Supply

/

Tags

BNB Chain Ecosystem

More Metrics

Price
All Time High (ATH) Date	7th Aug 2024 (3 months ago)
All Time Low (ATL) Date	7th Aug 2024 (3 months ago)

Supply & Trading Volume
Trading Volume (24h)	$12.00
Max Supply	38.00M

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Description

About Satoshi Finance

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About Satoshi Finance

Satoshi Finance is a decentralized stable coin protocol operating on the BNB Smart Chain. It allows users to mint a USD-pegged token called btUSD by collateralizing BTCB. The protocol includes a growth token called SATO, which rewards stability pool providers who deposit btUSD. Key features include:

• Interest-Free Minting: btUSD can be minted without any interest.
• Efficient Liquidation: btUSD holders can deposit into a stability pool to offset reserve for liquidation and earn liquidated collateral plus SATO tokens in return.
• Guaranteed Low Bound: When btUSD falls below its $1 peg, any btUSD holder can redeem it for $1 worth of collateral from the system.
• Immutable Parameters: All protocol parameters are set at contract deployment and cannot be altered by administrators or DAOs.
• Decentralization: Any user can host a frontend User Interface, ensuring diversified adoption and censorship resistance.

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